Correlation Analysis Between OKCoin Bitcoin and Cexio ZCash

This module allows you to analyze existing cross correlation between OKCoin Bitcoin USD and Cexio ZCash USD. You can compare the effects of market volatilities on OKCoin Bitcoin and Cexio ZCash and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in OKCoin Bitcoin with a short position of Cexio ZCash. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Bitcoin and Cexio ZCash.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Cexio ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days Cexio ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, Cexio ZCash is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

OKCoin Bitcoin and Cexio ZCash Volatility Contrast

OKCoin Bitcoin USD  vs.  Cexio ZCash USD

OKCoin

Bitcoin on OKCoin in USD

 10,287 
(40.87)  0.40%
Market Cap: 29.2 B
  

Cexio

ZCash on Cexio in USD

 49.20 
0.00  0.00%
Market Cap: 119.7 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  4,920  in Cexio ZCash USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding Cexio ZCash USD or generate 0.0% return on investment over 30 days.

Pair Corralation between OKCoin Bitcoin and Cexio ZCash

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for OKCoin Bitcoin and Cexio ZCash

OKCoin Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin USD and Cexio ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio ZCash USD and OKCoin Bitcoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on OKCoin Bitcoin USD are associated (or correlated) with Cexio ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio ZCash USD has no effect on the direction of OKCoin Bitcoin i.e. OKCoin Bitcoin and Cexio ZCash go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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